First Mining Gold
First Mining is a mineral property holding company whose principal business activity is to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 21 mineral assets in Canada, Mexico and the U.S.A.
Message: GCU: recap of recent coverage
http://www.theaureport.com/cs/user/pub/co/1115
The Gold Report Interview with Marshall Auerback (01/26/11)
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"Pinetree likes. . .Gold Canyon Resources, which is a Canadian-based unique mineral exploration company with a long history of exciting projects in both Canada and the United States. It completed a diamond drill program in the summer of 2010 at Springpole Gold Project, 110km northeast of Red Lake Mining Camp, Ontario, and a winter drill program is in progress. Springpole, which shares many similarities with deposits such as the Cripple Creek Gold deposit in Colorado, is an alkaline intrusion hosting a gold system that represents a potentially new style of Canadian Archean Shield gold deposit. At Springpole, the weighted average grades of the Portage Zone intercepts from the 18 holes drilled in 2010 is 1.36 grams per ton (g/t) gold and 5.95 g/t silver, a silver to gold ratio of 4.4:1." View Entire Article: Marshall Auerback: Fiscal Policy Setting Stage for a New Bubble |
Bob Moriarty, 321gold (11/29/10)
"One of my very good friends and brilliant technically, Quinton Hennigh, works as an advisor to Akiko Levinson of Gold Canyon Resources. For some strange reason Stockwatch can't get through its head that mining companies don't have to be run by men. The site continues to identify Ms. Levinson as Mr. Akiko Levinson, but that hardly detracts from her brilliant leadership. GCU announced a blistering hole of 225 meters at 1.48 g/t last week.
Gold Canyon has about 90M shares outstanding; and, with a $2 price tag, that infers under 1 million ounces in a buyout. The company has a lot more than 1 Moz. at Springpole. The true width of the mineralized structure looks to be about 140 meters. GCU has a lot more than 5 Moz. gold, in my view."
The Northern Miner (11/23/10)
| "Gold Canyon Resources latest results continue to add to the recent momentum the company has generated around its Springpole gold project in the Red Lake district of Ontario. The results highlighted a hole returning 225m grading 1.48 grams Au, including 47m grading 3.47 grams Au. The market signaled its approval by sending its shares up 5% to $1.74 midday in Toronto on Nov. 23. Such upward movement continues the torrid pace Gold Canyon shares have been on since early August 2010 when it was trading in the $0.25 range. The company estimates the true width of the Portage zone—where the hole was drilled—to be roughly 140m; the latest hole twinned a previous hole that hit 223m at 1.45 g/t Au. . .Results from the remaining six holes from this summer's drill program are due back from the lab by mid- December. In total, Gold Canyon has drilled 10,300m of diamond core for the year 2010. It plans to move on to another drill program, funded by its recent $6M equity raise and should have a revised resource estimate out by April 2011." |
Ovais Habib, Evergreen Capital Partners (11/15/10)
| "Gold Canyon Resources released positive drilling results at Springpole that intersected 307m grading 1.44 g/t Au, including 100m grading 2.70 g/t Au, and increased the potential strike length by ~50m (SE) to ~900m. Assay results from the remaining nine holes (step-out, infill, exploration) from the summer 10,300m 2010 drill program are expected to be released by early December 2010. In early January 2011, the company plans to initiate an aggressive drill program (10,000m; three rigs) to further evaluate the size of the Portage Zone. Gold Canyon plans to release a preliminary NI 43-101 resource estimate by the end of Q211 and is targeting 2–2.5 Moz. Au at ~1.5 g/t." |
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